We're long for now | 17 Agosto 2023
17 Agosto 2023, USD/JPY
We maintain a bullish outlook on USDJPY, as the price remains above the support zone at 148.30. This confirms the market's strong uptrend at least for the next few days . Currently, in an impulsive phase, the market is forming the impulsive major outer wave 'V,' with our target set at 148.34. You may consider initiating a long position with a profit target ranging from 148.34 to 150.14 while placing your stop loss at 148.30. Be sure to implement proper risk management practices to mitigate unexpected losses
Trade Recommendations:
We're long for now
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
